Deloitte has expressed concerns about Fusion Finance's ability to continue operating as a going concern due to the company's breach of multiple loan covenants.

Fusion Finance, which recently reported losses of Rs 305 crore, has borrowings of Rs 5,618 crore that are now repayable on demand as a result of these breaches.

As of September 30, 2024, the company is actively negotiating with lenders for waivers to postpone immediate repayment for at least 12 months. However, the report indicates that lenders have not yet granted these waivers, creating significant uncertainty about Fusion Finance's financial stability.

This situation raises doubts about the company's ability to realize its assets and meet its obligations in the normal course of business.